HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » AP IMPACT: CHINA OVERTAKI...
Introducing Discussionist: A new forum by the creators of DU

Sun Dec 2, 2012, 10:11 AM

 

AP IMPACT: CHINA OVERTAKING US AS GLOBAL TRADER

SEOUL, South Korea (AP) Shin Cheol-soo no longer sees his future in the United States.

The South Korean businessman supplied components to American automakers for a decade. But this year, he uprooted his family from Detroit and moved home to focus on selling to the new economic superpower: China.

In just five years, China has surpassed the United States as a trading partner for much of the world, including U.S. allies such as South Korea and Australia, according to an Associated Press analysis of trade data. As recently as 2006, the U.S. was the larger trading partner for 127 countries, versus just 70 for China. By last year the two had clearly traded places: 124 countries for China, 76 for the U.S.

In the most abrupt global shift of its kind since World War II, the trend is changing the way people live and do business from Africa to Arizona, as farmers plant more soybeans to sell to China and students sign up to learn Mandarin.

http://bigstory.ap.org/article/ap-impact-china-overtaking-us-global-trader-0

9 replies, 786 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread


Response to lalalu (Reply #1)

Sun Dec 2, 2012, 11:19 AM

2. If you read the first article you would note that it was largely due to the political changeover...

 

That has happened.

With the old guard leaving they wanted to leave more policy decisions for the new leaders letting them gain the confidence of the public. So China had been putting on the brakes. Now they can start growing again having contained inflation at a reasonable rate.

The Chinese have been very proactive in preventing large crashes such as the housing bubble we experienced. They will restrict the buying of second homes while we let house flippers run rampant. They will raise the reserve rates while we allow our institutions to leverage up to impossible amounts. Yes we fixed some of these problems but only after the crash. China steps in before it gets that bad and yes that does hurt a bit, but not as bad as us.

It's too bad our democracy doesn't produce better decision making. If we had smart leaders we could have prevented much of the latest mess.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dkf (Reply #2)

Sun Dec 2, 2012, 11:33 AM

3. NO, the article clearly states the political takeover has

 

prevented them from dealing with the economic disaster looming. Go back and read again.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to lalalu (Reply #3)

Sun Dec 2, 2012, 12:03 PM

5. It's like a lame duck session...you leave the decision making for the new crew.

 

It helps their system if the new leaders can come in and execute the changes that produce results.

Their system demands results or risks being over thrown.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dkf (Reply #5)

Sun Dec 2, 2012, 12:11 PM

7. The downfall started before because

 

their entire economic system is based on lies, manipulation, zero regulations, and subhuman treatment of workers. They have made themselves the world capital of debasing workers for corporate profit. They all forgot their system relies on workers having money to buy goods produced which is not happening.

It doesn't matter who they put in charge they are going to fall and it has already started.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to lalalu (Reply #7)

Sun Dec 2, 2012, 01:23 PM

8. You read the tea leaves with absolute clarity.

The coming China Crash will be devaststing to those who cannot, or more like, refuse to see it.

China has an entire economy based on the 'export cheaply made goods by even cheaper labor' model...which always fails.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Ikonoklast (Reply #8)

Sun Dec 2, 2012, 04:10 PM

9. I am glad someone else can see what is going on.

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to dkf (Original post)

Sun Dec 2, 2012, 11:59 AM

4. Just for fun, Google 'Shin Cheol-soo'

Reply to this post

Back to top Alert abuse Link here Permalink


Response to GeorgeGist (Reply #4)

Sun Dec 2, 2012, 12:05 PM

6. Not seeing much. What am I looking for?

 

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread